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Federal Reserve Bank of Richmond

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Federal Reserve Bank of Richmond

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Federal Reserve Bank of Richmond Reviews

Updated Aug 9, 2022

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Found 158 of over 194 reviews

4.3
94%
Recommend to a Friend
89%
Approve of CEO
Federal Reserve Bank of Richmond President and Chief Executive Officer Tom Barkin (no image)
Tom Barkin
42 Ratings

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Top Review Highlights by Sentiment

Pros
Cons
Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Ratings by Demographics

This rating reflects the overall rating of Federal Reserve Bank of Richmond and is not affected by filters.

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  1. 5.0
    Current Employee, more than 10 years

    Stability

    Aug 9, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Competitive (not top) salary, best in class retirement/healthcare benefits, and consistent focus on work/life balance.

    Cons

    Slow moving at times and salary compensation currently lagging competition in competitive labor environment.

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  2. 5.0
    Current Employee, more than 3 years

    Best Job I've Had

    Jul 27, 2022 - Anonymous Employee in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Excellent benefits, great managers who actually listen, and everyone has been easy to work with

    Cons

    No major downsides. Depending on the job, we're required to work 2 days per week on site which isn't bad but the option to work from home full time would be nice and keep people from leaving the company.

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  3. 5.0
    Current Employee

    Great place to work

    Jul 1, 2022 - Data Engineer 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Has great characteristics of private and public sector jobs: - innovates like private sector - pension like public sector

    Cons

    So far there have been no cons

    Continue reading
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  4. 3.0
    Current Employee, more than 5 years

    Review

    Jul 28, 2022 - Category Manager in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    work life balance, diversity and inclusion

    Cons

    strict management hierarchy, expected to do jobs outside of roles and responsibilities, career development

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  5. 4.0
    Current Employee

    A great place to work!

    Jul 23, 2022 - Intern 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Family-like environment, amazing work-life balance, and fantastic benefits

    Cons

    Pay is a little on the lower side and hard to find early career opportunities other than the Discover Program

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  6. 4.0
    Former Employee, more than 3 years

    Great benefits and work/life balance

    Jul 18, 2022 - Research Analyst 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good benefits, felxible schedule, upward mobility

    Cons

    Pay generally a bit less than elsewhere for comparable skills

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  7. 5.0
    Current Employee, more than 8 years

    Great Career

    May 13, 2022 - Bank Examiner in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Benefits are unmatched! Great work/life balance. Lots of opportunities for advancement and upward mobility. The work is engaging and purposeful.

    Cons

    Slow to change. Old school mentality.

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  8. 5.0
    Current Employee

    Great Place to Work

    May 4, 2022 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The people are very nice

    Cons

    The salary is not as competitive as it is in other companies, especially an IT role

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  9. 4.0
    Current Employee, more than 1 year

    Good company culture

    May 17, 2022 - Technical Analyst 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    - Plenty of PTO - Genuine diversity and inclusion efforts - Great benefits - Lots of development opportunities

    Cons

    Pay can be on somewhat on the lower end for some positions, but still within the average range for any given position

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  10. 4.0
    Current Employee, more than 10 years

    Good Place to Work, But Outdated Ideology

    May 9, 2022 - Assistant Vice President in Richmond, VA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Work/Life Balance Compensating (Pension) Great Co-workers Job stability

    Cons

    Slow or Passive Decision Making Outdated Recruiting Practices Significant Budget Cuts & Restrictions Talking Points & Messaging Don't Align with Reality

    1 person found this review helpful
Viewing 1 - 10 of 158 Reviews

Federal Reserve Bank of Richmond Reviews FAQs

Federal Reserve Bank of Richmond has an overall rating of 4.3 out of 5, based on over 194 reviews left anonymously by employees. 94% of employees would recommend working at Federal Reserve Bank of Richmond to a friend and 80% have a positive outlook for the business. This rating has been stable over the past 12 months.

According to anonymously submitted Glassdoor reviews, Federal Reserve Bank of Richmond employees rate their compensation and benefits as 4.3 out of 5. Find out more about salaries and benefits at Federal Reserve Bank of Richmond. This rating has decreased by -1% over the last 12 months.

94% of Federal Reserve Bank of Richmond employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Federal Reserve Bank of Richmond 4.4 out of 5 for work life balance, 4.2 for culture and values and 4.0 for career opportunities.

According to reviews on Glassdoor, employees commonly mention the pros of working at Federal Reserve Bank of Richmond to be career development, coworkers, benefits and the cons to be diversity and inclusion, senior leadership, management.

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